Bitcoin ends week ‘on the edge’ as S&P 500 officially enters bear market
Bitcoin (BTC) struggled to recover its latest losses on May 21 after Wall Street trading provided zero respite. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView...
Tag : cryptocurrency news
Needed: A massive education project to fight hacks and scams
The common narrative around the prevailing threats to mainstream adoption of cryptocurrencies is that regulators will put the kibosh on their legality, it has to...
Arthur Hayes to serve 2-year probation owning up to BitMEX’s AML mishap
Bringing closure to the long-awaited judgment related to the money laundering activities over the BitMEX crypto exchange, one of the four federal district courthouses in...
20% drop in the S&P 500 puts stocks in a bear market, Bitcoin and altcoins follow
Whoever coined the phrase “sell in May and go away” had brilliant insight and the performance of crypto and stock markets over the past three...
Florida Rep. Donalds introduces Financial Freedom Act companion bill in the House
Rep. Byron Donalds, a Florida Republican, introduced the Financial Freedom Act into the United States House of Representatives on Friday to prevent the U.S. Department...
3 red flags that signal a crypto project may be misleading investors
Satoshi Nakamoto left a large pair of shoes to fill after releasing the code for Bitcoin (BTC) to the world, helping to establish the network,...
Price analysis 5/20: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, AVAX, SHIB
Bitcoin’s (BTC) tight correlation with the legacy markets continues to be a drag, especially as the United States equity markets remain in a firm bear...
Bearish head and shoulders pattern forces Ethereum traders to re-adjust their price targets
Crypto markets remain volatile and a handful of seasoned traders believe that the bearish trend will continue as long as stock markets are chasing new...
Ethereum preparing a ‘bear trap’ ahead of the Merge — ETH price to $4K next?
Ethereum’s native token, Ether (ETH), continues to face downside risks in a higher interest rate environment. But one analyst believes that the token’s next selloff...
Bitcoin Pizza Day merch delivers lightning-fast style
Celebrate the 12th Bitcoin Pizza Day together with Cointelegraph. Many crypto bull runs ago, Laszlo Hanyecz, programmer and early Bitcoin (BTC) miner, made history on...
Terra collapsed because it used hubris for collateral — Knifefight
The rise and fall of the Terra blockchain and family of related tokens is both one of the most convoluted and one of the most...
European families see crypto as a tool to increase savings: Survey
While there are risks associated with crypto investing, some see it as a way to boost their family savings, a recent study commissioned by crypto...
Crypto veterans extend a helping hand to bear market newbies
As the bears take over and the markets slow down, Twitter user DeFi Edge asked crypto veterans, who experienced the bear market of 2018, what...
Central bankers bellow Bitcoin on El Salvador’s Bitcoin Beach
The orange pilling adventure in El Salvador continues. In a video that beggars belief, 44 central bankers and financial delegates from emerging markets around the...
Ethereum devs tip The Merge will occur in August ‘if everything goes to plan’
Ethereum’s long-awaited migration to a proof-of-stake (PoS) consensus mechanism, which has been pushed back time and time again, looks set to occur sometime in August...
Swiss asset manager Julius Baer eyes crypto and DeFi potential
The 132-year-old Swiss asset management firm, Julius Baer, intends to offer exposure to cryptocurrencies and decentralized finance (DeFi) for its high net-worth clients. The firm’s...
Jack Dorsey’s Block hits $1.3B in Q1 profits, $43M in BTC trading revenue
Block, the pro-Bitcoin (BTC) umbrella company that hosts Cash App, Square and Afterpay, continues its growth in 2022. According to its Shareholder letter, in the...
Bitcoin must defend these price levels to avoid ‘much deeper’ fall: Analysis
Bitcoin (BTC) may be attempting to flip $30,000 to support on May 19, but for one group of analysts, attention is focused firmly on a...
Terra crash not a risk to the broader crypto ecosystem, says Huobi Global co-founder
As the fall of Terra (LUNA) and TerraUSD (UST) may have a noticeable short-term impact on the decision-making of both retail and institutional investors, it...
Bitcoin trades in $29K ‘no man’s land’ as Tesla ESG fallout routs stocks
Bitcoin (BTC) stayed $1,000 lower on May 19 after a grim trading session on Wall Street the day before slowed further upside. BTC/USD 1-hour candle...
‘Huge testing milestone’ for Ethereum: Ropsten testnet Merge set for June 8
The Ethereum ecosystem is set for a “huge testing milestone,” with the Ropsten testnet Merge set to be conducted on June 8. According to the...
Price analysis 5/18: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, AVAX, SHIB
On May 17, United States Federal Reserve Chairman Jerome Powell told the Wall Street Journal that the 50-basis-point rate hikes would continue until inflation is...
2 key Ethereum price metrics suggest traders will struggle to hold the $2K support level
Ether (ETH) price has been trying to establish an ascending channel since the May 12 market-wide crash that sent its price to $1,790. Currently, the...
Polygon partners with Orbs and DeFi.org to launch an accelerator program
In a new development for the decentralized finance space, Ethereum scaling platform Polygon has partnered with layer-3 project Orbs to launch a program that supports DeFi...
Two credit card firms in Israel to let cardholders buy Bitcoin
Financial companies in Israel are increasingly moving into cryptocurrencies like Bitcoin (BTC), with two competing credit card firms working on BTC investment and cashback features....
The Lightning Network Lunch: A Bitcoin contactless payment story
The Lightning Network (LN) just got a bit faster, as the suitably named Bolt Card now enables Bitcoin (BTC) enthusiasts to pay for goods and...
Bitcoin shakes of Fed volatility as analysts remain split on return under $24K
Bitcoin (BTC) circled $30,000 on May 18 after fresh comments from the United States Federal Reserve sparked volatility. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView...
Cloudflare to run Ethereum node experiment to help ‘build a better internet’
Ahead of Ethereum’s highly anticipated switch to proof-of-stake (PoS), cybersecurity firm Cloudflare is set to launch and fully stake Ethereum validator nodes over the next...
Analysts note parallels with March 2020: Will this time be different?
Analysts in both crypto and traditional markets have noted some startling similarities between the recent downturn and the one caused by a pandemic panic in...
Ethereum’s popularity ‘a double-edged sword’ — a16z’s State of Crypto report
Crypto venture fund giant Andreessen Horowitz (a16z) has highlighted that development and demand on Ethereum are “unmatched” despite the network’s high transaction fees. The firm...
Bitcoin is discounted near its ‘realized’ price, but analysts say there’s room for deep downside
There are early signs of the “dust settling” in the crypto market now that investors believe that the worst of the Terra (LUNA) collapse looks...
NFT prices take a gut punch as the crypto bear market deepens
Without fail, crypto has a way of humbling even the most self-assured and this market is definitely not for the faint of heart. Nonfungible token...
Madeira ‘embraces’ Bitcoin and how the president met Michael Saylor
The tiny Portuguese island of Madeira has “adopted” Bitcoin (BTC) — but what does that mean? The announcement made during the Bitcoin Miami Conference in...
BitMEX launches spot crypto exchange following $30M penalty
Global crypto derivatives exchange BitMEX is expanding its platform beyond just derivatives by finally launching a spot crypto trading platform. BitMEX officially announced on May...
Bitcoin, Bukele and a bevy of central bankers meet in El Salvador
This week, 44 central bankers from developing countries around the world are attending a conference in El Salvador to discuss financial inclusion, financing for small...
Law Decoded: Is depegging a real threat to financial stability?
This week will be remembered as the one when the stablecoins showed an unexpected ability to depeg. Terra’s TerraUSD (UST) dropped to a shocking $0.29...
Fear & Greed Index hits lowest since March 2020 even as Bitcoin price hits $30.5K
Bitcoin (BTC) returned to $30,500 on May 17 amid hopes that a retest of 2017 highs could be avoided. BTC/USD 1-hour candle chart (Bitstamp). Source:...
MakerDAO price rebounds as DAI holds its peg and investors search for stablecoin security
Its been a rough couple of weeks for the cryptocurrency market. Bitcoin (BTC) price is nowhere near the price estimates of most analysts, multiple stablecoins...
Price analysis 5/16: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, AVAX, SHIB
The selling in Bitcoin (BTC) is showing no sign of abating and Bitcoin has fallen for seven straight weeks for the first time ever. This...
Top 5 cryptocurrencies to watch this week: BTC, MANA, MKR, ZEC, KCS
Bitcoin (BTC) has been relatively calm during the weekend as crypto traders try to rebuild the markets after the Terra LUNA debacle. With macro factors...
The Brazilian Stock Exchange will launch Bitcoin and Ethereum futures
B3, the Brazilian Stock Exchange, confirmed that within six months it intends to launch its first official product aimed at the cryptocurrency market — Bitcoin...
What really goes on at a crypto OTC desk?
Over-the-counter, or OTC, trading refers to any trading that is not done via an automated exchange. What exactly is OTC trading? Who does it, and...
FTX CEO sees no future in Bitcoin payments, community fires back
Sam Bankman-Fried, the founder of crypto exchange FTX, has criticized the efficiency of Bitcoin (BTC) as a payment network, only to meet heavy backlash from...
Bitcoin investment giant Grayscale debuts ETF in Europe
Crypto investment giant Grayscale is expanding operations by launching a new crypto-linked exchange-traded fund (ETF) in Europe. Grayscale officially announced its first European ETF, called...
First 7-week losing streak in history ? 5 things to know in Bitcoin this week
Bitcoin (BTC) starts a new week under $30,000 as the battle to save the market from fresh lows grinds on. After hitting its highest since...
Utility tokens vs. equity tokens: Key differences explained
Investors familiar with the concept of equity investing will find equity tokens to be an extension of the same thought process as initial public offerings...
6 Questions for Dominik Schiener of the Iota Foundation
We ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry… and throw in a few random zingers to keep...
The meaningful shift from Bitcoin maximalism to Bitcoin realism
There was a time when all cryptocurrencies traded against Bitcoin (BTC). Speculators ventured into other coins when they saw assuring tokenomics or promising hype, but...
Accessibility is the main barrier to crypto adoption — Here are the solutions
Accessibility is a pain point for cryptocurrency adoption that has been discussed for years, yet still, it is pertinent as ever. This issue was most...
Terra ecosystem collapses, Sam Bankman-Fried buys Robinhood stock and crypto trader receives jail sentence for Ponzi scheme: Hodler’s Digest, May 8-14
Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and...
Will the Ethereum 2.0 update reduce high gas fees?
Purpose of Ethereum 2.0 The primary goal of the Ethereum 2.0 update is to improve scalability so that the network can handle more transactions without...
DeFi transforming lending routes on the blockchain
The world of decentralized finance (DeFi) is gradually expanding to encompass a significant share of the global financial lending space by virtue of the inherently...
Bitcoin stays under $30K as LUNA gains 600% during ‘insane volatility’
Bitcoin (BTC) failed to reclaim $30,000 into May 14 as traders looked forward to a relatively stable weekend. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView...
On-chain privacy is key to the wider mass adoption of crypto
Innovations in the crypto space appear daily. Whether through decentralized applications or new ways to implement and use nonfungible tokens (NFTs) within decentralized finance, blockchain...
Bitcoin network fortifies as mining difficulty records ATH of 31.251T
Further distancing itself from any concerns of planned attacks on the blockchain, the Bitcoin (BTC) network established a new mining difficulty all-time high of 31.251...
Polkadot vs. Ethereum: Two equal chances to dominate the Web3 world
For most casual digital asset investors, the Ethereum 2.0 upgrade promises to be a game-changing event that will improve efficiency, reduce network costs and propel...
Etherscan, CoinGecko warn against ongoing MetaMask phishing attacks
Popular crypto analytics platforms Etherscan and CoinGecko have parallelly issued an alert against an ongoing phishing attack on their platforms. The firms began investigating the...
Bitcoin price could bounce to $35K, but analysts say don’t expect a ‘V-shaped recovery’
Altcoins saw a relief bounce on May 13 as the initial panic sparked by Bitcoin’s sell-off TerraUSD (UST) collapse and multiple stablecoins losing their dollar...
Bitcoin and Ethereum had a rough week, but derivatives data reveals a silver lining
This week the crypto market endured a sharp drop in valuation after Coinbase, the leading U.S. exchange, reported a $430 million quarterly net loss and South...
Buy the dip, or wait for max pain? Analysts debate whether Bitcoin price has bottomed
It has been a rough week for the cryptocurrency market, primarily because of the Terra ecosystem collapse and its knock-on effect on Bitcoin (BTC), Ethereum (ETH)...
Price analysis 5/13: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, AVAX, SHIB
Bitcoin (BTC) rebounded sharply after dropping near its realized price of $24,000 on May 12, suggesting some bulls went against the herd and bought the...
Canadian Bitcoin ETF adds 6.9K BTC in one day as GBTC discount hits record low
Bitcoin (BTC) descending to $24,000 has cost its largest institutional investment vehicle more than the average hodler. According to data from on-chain monitoring resource Coinglass...
Bitcoin mining in Norway gets the green light as the proposed ban rejected
There’s Nor-way they can ban Bitcoin (BTC) mining in Norway now. That’s according to a majority vote passed by the Norwegian parliament on May 10....
Bitcoin gains superior to stocks in the long term, economist says
The recent crashes in stock and cryptocurrency markets have provided yet another chance to observe better return opportunities of crypto versus stocks, according to several...
Bitcoin to the sky: Emirates to accept BTC payments and launch NFT collectibles
Emirates, the largest airline in the United Arab Emirates (UAE), announced that it has plans to implement Bitcoin (BTC) payments and launch nonfungible tokens (NFTs)...
BitKwonnect? ‘Luna Brothers’ moment sees Terra inflate token supply 3,500% overnight
Terra (LUNA), the in-house token of Blockchain protocol Terra, is undergoing major changes which are causing intrigue and despair in equal measure. Data released on...
Buterin donates $4M to Uni of NSW for pandemic detection tool
Ethereum co-founder Vitalik Buterin has donated $4 million worth of USD Coin (USDC) to the University of New South Wales (UNSW) to support the development...
Aurora launches $90M fund to finance DeFi apps on Near Protocol
Aurora, an Ethereum Virtual Machine (EVM) designed to scale decentralized applications (DApps) built on the Near protocol, has launched a token fund worth $90 million. ...
Analysts say Ether price must hold this key level to avoid a capitulation-like move
The crypto market experienced another day of pain on May 12 as the fallout from Terra (LUNA) and TerraUSD (UST) failure continue to ripple across...
Look out below! Ethereum derivatives data hints at further downside from ETH
Ether (ETH) is down 38% in three weeks and the current $2,000 level is 59% below the $4,870 all-time high that was reached in November...
Germany outlines favorable tax guidelines, gains on BTC and ETH sold after a year tax-free
The Federal Ministry of Finance (BaFin) published a 24-page document on Tuesday outlining clear income tax rules for cryptocurrency and virtual assets. Tax practitioners, businesses and...
How long will the crypto bear market last? Raoul Pal’s macro analysis
Macro investor Raoul Pal is convinced that the current crypto bear market will end only once the Fed eases its hawkish monetary policy by halting...
How blockchain archives can change how we record history in wartime
Decentralized blockchain technology has been around for a relatively short period of time, in the grand scheme of things, but its decentralized nature has the...
Why the world needs a spot Bitcoin ETF in the US: 21Shares CEO explains
Despite the growing adoption of various cryptocurrency exchange-traded funds (ETFs) all over the world, the global trading community continues to ask one question: When will...
Ether plunges 13% while Bitcoin pushes BTC dominance to 2022 high — More pain ahead?
Ethereum’s native token, Ether (ETH), plunged to its lowest level in almost two months against Bitcoin (BTC) as a crypto market sell-off intensified on May 12. Macro...
Tether to move over 1B USDT from Tron to Ethereum and Avalanche
Following recent developments in the sphere of stablecoins, Tether (USDT) has announced that it’s coordinating a chain swap to transfer USDT assets from Tron’s TRC-20...
Bitcoin ‘kisses’ $24K realized price after 2nd highest seller losses in history
Bitcoin (BTC) bounced past $28,000 on May 12 after repeating a chart structure not seen since March 2020. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView...
USDT-dollar peg wobbles as markets continue to struggle: Tether CTO weighs-in
Cryptocurrencies markets continue to suffer major losses following the depegging of Terra ecosystem’s stablecoin TerraUSD (UST), causing discrepancies between stablecoin pegs and the value of Bitcoin...
Bitcoin falls below $27K to December 2020 lows as Tether’s peg slips under $0.99
Bitcoin (BTC) fell out of its long-term trading range on May 12 as ongoing sell pressure reduced markets to 2020 levels. BTC/USD 1-hour candle chart...
DOGE gets more love on Twitter and Ether gets more hate: Data analysis
Ether (ETH) has taken out the top spot on Twitter as the most hated of five cryptocurrencies studied, while the meme-token Dogecoin (DOGE) is the most liked. The findings...
Aussie crypto ETFs see $1.3M volume so far on difficult launch day
With crypto markets tanking, three crypto-focused exchange-traded funds (ETFs) picked a difficult day to commence trading on local exchange Cboe Australia today. The trio’s launch...
Ether whales get busy as transactions hit highest point since January
Despite widespread losses being posted throughout the crypto market, Ether whales have been busy buying and selling Ether (ETH) at a rate not seen since...
Terra contagion leads to 80%+ decline in DeFi protocols associated with UST
The knock-on effect of the collapse of Terra (LUNA) and its TerraUSD (UST) stablecoin spread wide across the cryptocurrency market on May 11 as projects...
ApeCoin is down 70%+ since the Otherside launch — Can Yuga Labs turn the ship around?
ApeCoin (APE), the new cryptocurrency that was recently launched by Yuga Labs, aims to be the bedrock of the Otherside metaverse and recently, the token...
Price analysis 5/11: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, AVAX, SHIB
The crisis with Terra’s stablecoin TerraUSD (UST) and the freefall in Terra’s LUNA token has dented crypto sentiment further. Although Terraform Labs CEO Do Kwon...
This week’s whipsaw market movements test NFT traders’ resolve — What’s next?
It goes without question that there has been an influx of excited investors piling into Web3 and this is despite the decrease in total volume...
Bitcoin 2022 — Will the real maximalists please stand up?
As I go about the Miami conference, I wonder, Aside from some of the conference speakers, where are these Bitcoin maximalists I keep hearing so...
Rising global adoption positions crypto perfectly for use in retail
Even though the cryptocurrency market seems to be going through a bit of a lull at the moment, there’s no denying the fact that the...
Bitcoin falls back under $30K while 8.3% US CPI shows signs inflation has peaked
Bitcoin (BTC) dropped by $1,500 in minutes on May 11 as the latest United States inflation data delivered mixed sentiment on the economic outlook. BTC/USD...
Industry experts weigh in on SEC hiring more crypto cops
The United States Securities and Exchange Commission (SEC) is seeking to hire more people to focus on digital assets, raising the number of personnel charged...
Terra ‘rescue plan’ still at large as LUNA falls below $5, Bitcoin spikes to ‘$138K’ in UST
Panic appeared to set in on crypto markets overnight on May 11 as Blockchain protocol Terra failed to steady its bleeding crypto assets. Data from...
Indie Russian news firm raises $250K in crypto after sanctions cripple finances
A Russian independent news company has raised more than $250,000 in cryptocurrency donations from supporters in order to continue reporting independent news under a barrage...
Making money, escaping poverty: Bitcoin and Lightning in Mozambique
Bitcoin (BTC) is for all. For you, for Michael Saylor in Miami, and for 38-year-old Jorge, a Mozambican family man who’s using the largest cryptocurrency to make...
Talos raises $105M to become the latest crypto unicorn valued at $1.3B
PayPal-backed cryptocurrency firm Talos is becoming the latest unicorn in the industry, reaching a $1.25 billion valuation following new funding. Talos has raised $105 million...
10-month BTC price lows spark $1B liquidation as Bitcoin eyes $35K CME futures gap
Bitcoin (BTC) upended buy trends through May 10 as BTC/USD sank below $30,000 for the first time since July 2021. Data from on-chain analytics firm...
Analyst claims that exchanges sell your Bitcoin, crypto trading platforms respond
Security breaches and hacks often highlight the risks of storing Bitcoin (BTC) on centralized exchanges. One analyst even claims that keeping your BTC on exchanges...
‘Kwontitative easing’ — BTC price hits $43K in UST as Terra empties $2.2B BTC bag
Bitcoin (BTC) fell below $30,000 for the first time in ten months on May 10 as turmoil at Blockchain protocol Terra continued. BTC/USD 1-hour candle...